8-K

CRH PUBLIC LTD CO 8-K Report (May 17, 2018)

Filed May 17, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction involving its own shares. On May 16, 2018, the company transferred 19,162 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €16.19 to €17.30 per share. This filing primarily serves to update the market on CRH's treasury share movements and the resulting changes in its issued share capital. Following this transaction, CRH now holds 1,698,523 Ordinary Shares in treasury, and the total number of Ordinary Shares in issue, excluding treasury shares, stands at 841,691,815. This information is relevant for investors tracking share dilution, share buyback programs, and the company's overall capital structure.

Key Highlights

  • 1CRH plc re-issued 19,162 treasury Ordinary Shares on May 16, 2018.
  • 2The shares were transferred to participants in employee share schemes.
  • 3The transfer prices ranged from €16.19 to €17.30 per Ordinary Share.
  • 4Following the transaction, CRH's treasury share balance is 1,698,523 Ordinary Shares.
  • 5The total number of Ordinary Shares in issue (excluding treasury shares) is now 841,691,815.
  • 6This filing is an update on CRH's share capital and treasury stock activity.

Frequently Asked Questions

The primary purpose of this filing (Form 6-K) was to report a transaction where CRH plc re-issued treasury shares to employees participating in its share schemes and to update the company's issued share capital figures.

This transaction involves the re-issuance of shares held in treasury, meaning they are being moved from CRH's treasury stock to be held by employees. The total number of shares in issue (excluding treasury shares) increased slightly to 841,691,815, while the number of shares held in treasury decreased.

Companies typically re-issue treasury shares to employees as part of their long-term incentive plans, such as stock options, restricted stock units, or employee stock purchase plans. This is a common way to reward employees, align their interests with shareholders, and retain talent.

This specific transaction does not represent a share buyback, as CRH is issuing shares it already held in treasury. It also doesn't represent new dilution in the sense of creating new shares to raise capital. Instead, it's a reallocation of existing shares for employee compensation.